Patterson Block 108 S Walnut St

Investment Highlights

Well maintained historic building Great potential as event space Versatile spaces Location is eligible for Riverfront District 3-way liquor license for $2,000

Executive Summary

Now is your chance to own this iconic landmark in beautiful Downtown Muncie! The Patterson Block is a historic gem, boasting original details, such as exposed brick, an original advertising mural, 100+ year old stock exchange chart, and an original staircase that adds amazing character. The building's exterior has stunning architectural details that stand as a testament to its rich past. With over 21,000 square feet of space spread across 15+ commercial suites, retail spaces, and restaurants, this property offers a unique opportunity for investors and business owners alike. The building has been meticulously maintained, with much of the building currently leased. However, there's still untapped potential to take this already remarkable space to the next level. The first floor, with its 125 feet of frontage on Walnut Street, hosts 4 commercial spaces, including 2 restaurants and 2 retail outlets. A lobby elevator provides easy access to the second and third floors, which are home to office and retail spaces. A shared conference room on the second floor offers convenience for tenants. The grand staircase leads to the third floor, where a large skylight floods the area with natural light. This floor houses additional office and retail spaces, along with a spacious ballroom boasting 13 windows that frame panoramic views of downtown Muncie. Adjacent to the ballroom, a kitchen area helps manage any food service needs, making the ballroom an ideal venue for events and an additional revenue stream. The building is has sprinklers throughout and the fire suppression system is zoned. This property is located in the Riverfront District so 3-way liquor licenses are available for $2,000 to qualified businesses. Don't miss out on this opportunity to own a piece of Muncie's history! Building has multiple addresses, property taxes show address at 105 E. Main.

• Sale Type    Investment
• Property Type    Retail
• Property Subtype    Storefront Retail/Office Storefront Retail/Office General Retail Restaurant Office Medical Storefront Retail/Office
• Building Size    21,636
• Year Built    1880
• Price    1,499,000
• Price Per SF    69
• Tenancy    Multiple
• Building Height    3 Stories
• Opportunity Zone    Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

• Restaurant
• Skylights
• Wheelchair Accessible
• Air Conditioning
• Smoke Detector